Capital Fund Management S.A. Purchases Shares of 55,225 Ingersoll Rand Inc. (NYSE:IR)

Capital Fund Management S.A. acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 55,225 shares of the industrial products company's stock, valued at approximately $4,996,000.

A number of other large investors also recently modified their holdings of IR. Murphy & Mullick Capital Management Corp purchased a new position in shares of Ingersoll Rand in the fourth quarter worth $36,000. OFI Invest Asset Management purchased a new stake in Ingersoll Rand in the 4th quarter worth $38,000. Lee Danner & Bass Inc. bought a new position in shares of Ingersoll Rand during the 4th quarter valued at about $42,000. Millstone Evans Group LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter valued at about $50,000. Finally, UMB Bank n.a. increased its holdings in shares of Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock worth $54,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Trading Up 1.0 %

Shares of IR traded up $0.69 during trading hours on Friday, reaching $72.05. 1,891,025 shares of the company traded hands, compared to its average volume of 2,561,485. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $106.03. The stock's fifty day moving average price is $79.98 and its 200 day moving average price is $91.13. The firm has a market cap of $29.04 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 3.50 and a beta of 1.40. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.04). The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. Sell-side analysts forecast that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.11%. The ex-dividend date was Wednesday, March 5th. Ingersoll Rand's payout ratio is 3.88%.

Analysts Set New Price Targets

IR has been the topic of a number of research reports. Wells Fargo & Company reduced their price objective on Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Evercore ISI lowered their price objective on shares of Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a research report on Wednesday, February 19th. Citigroup reduced their target price on shares of Ingersoll Rand from $109.00 to $88.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird increased their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, Barclays reduced their price objective on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $100.36.

About Ingersoll Rand

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.